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Tuesday, April 9, 2013

Never give seller control of earnest money

DEAR BENNY: What are the obligations of an escrow agent? I signed a real estate sales contract and gave the seller a $10,000 earnest money deposit.

http://www.inman.com/buyers-sellers/columnists/bennyinmancom/never-give-seller-control-earnest-money?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+inmannews+%28Inman+News+-+Headlines%29

Posted by B Media Network's Bussiness News Editor at 8:54 AM

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(1) Never give seller control of earnest money (1) New Home Releases at Greenbrooke in Lynnwood (1) New home sales climb 1.5 percent (1) New home sales edge higher (1) New Oswego tattoo shop gives owner proper space for his mission (1) New Police Chief Top Local News (1) New Programs (1) New Property Markets Popping Up (1) New Stock Coverage: Time to Shop at Wal-Mart (2) New TIC-to-Condo Plan Would Impose 10-Year Conversion Moratorium in Exchange For Lottery Bypass (1) New to Market: Max Adler Mansion (1) New U.S. home sales rise (1) New University House Property Being Developed by Inland American Communities (1) Newest Home on the Market: A Million-Dollar Home on Wilsondale Street (1) News Recap: LSI Corp (1) NIC (1) No Easy Fix for Chinas Struggling Economy (1) Northwest news: Montana man reunited with woman-hating macaw; anarchists workshop halted (1) Notable Gainers: E I Du Pont De Nemours And Co (1) Notable Gainers: LaSalle Hotel Properties (1) Novartis a Finalist for Commercial Real Estate Impact Award (1) NY housing market improves in 2013 (1) NYC agent workforce clobbered in March (1) Obama budget could cut value of real estate (1) Obituary - Beverly June Yates (1) Occupant cooperation need to save energy (2) Occupys legacy: The media finally covers social protest fairly (1) Old People (1) Omega Healthcare Investors: A High Dividend Yield REIT (2) On The Fly: Analyst Downgrade Summary (1) On the Market: Carriage House on Brooklyn Secret Street Asks $3.5 Million (1) On The Market: Double Lot Curiosity w/ Interior Fit For B-Ball Asks $1.55M (1) On the Market: Four-Story (1) On the Market: Full-Floor Renovated Park Avenue Pad Wants $16.5 Million (1) On the Market: Here Now (1) On the Market: New to market in Chicago: the... (1) On The Market: Options to Buy on Peaceful (1) On The Market: Penthouse Condo Asks $769 K (1) On the Market: Southampton Traditional with Peaceful (1) On the Market: Stone Storybook House on Lake Montauk for $3.995M (1) On the Market: Tenth Floor of Tribecas One York Hits Market for $22 Million (1) On the Market: Upper East Side Townhouse Tries Again at $9.95 Million (1) On the Racked: The Citys Best Denim Shops; the Middletons Coat Maker in Town; Google Retail; More (1) On the Small Screen: 2011 Curbed Hottest Broker of the Year Lands Reality TV Show (1) One of Chicagos Largest (1) Only A Few mREITs Are Compelling Investments - " Barclays (1) Open House Today: $11 Million Home (1) Open House Value (1) Open House Weekend Warriors: Weekend Open House Tour: Upper West Side (1) Open Houses This Weekend (1) Open Sesame: $405 (1) Options for Buying a Home with Bad Credit Now Online at PLB Investment Group (1) Others (1) Ottawa slips in ranking of top liveable cities (1) Overlook Ridge fetched $150M in sale (1) Owls Head | $399 (1) Owner of Brighton RE/MAX office named top broker for the U.S. (1) Partnership for New York City (1) Pending sales for Mass. single-family homes rose 4.6% (1) Penn National misses Q1 expectations on higher expenses (1) Pennsylvania Real Estate Investment Trust Earnings Preview: Get Ahead of the Analysts (1) Photo Tour : Scenes From Springtime In DCs Traffic Circles (1) Photos: Forbes 10 Happiest Jobs (1) Playing Favorites: According to one poll (1) plumbing. (1) Positive space for teens to talk life (1) Possible buyer for W-P building (1) Premiere Properties announces start-up of excavation works on Nine-Boulevard project (1) Preservation Watch: The Bowery was recently added to... (1) Preservation Watch: Tin Pan Alley Still Not Landmarked (1) President of Shen Holding: Current state of real estate market... (1) Previously Owned U.S. Home Sales Unexpectedly Fell in March (1) PriceChopper: Astorias Unsold Steinway Mansion Cuts Price-And Size (1) prices rise (2) PriceUpper: Emery Roth Park Slope Duplex Now Wants $4.5 Million (1) Prigge (1) Private Equity Funds for the Masses (1) Public hearing redos today for Steele Creek outlet mall (1) Public Tries To... (1) Published (1) PVR Partners Schedules Earnings Release And Conference Call For First Quarter 2013 Results (1) Q1 (1) Q1 earnings of listed firms may be hit by big drop among a few (1) Quiet nature of teacher talks is good news (1) Raises PT on LaSalle... (1) Rally in Commercial Real Estate Not Over Yet (1) real estate agents are discriminating (1) Real Estate Commissions (1) Real estate executives optimism hits record high since downturn (2) Real Estate Expo Announces RESAAS as Platinum Sponsor for Its 2013 Event (1) Real Estate Investment Guru Says Las Vegas is Prime for Investing (1) Real estate market off to hot start in 2013 (1) Real Estate Newswire (654) Real Estate Tip For April 2013 (1) Real Estate Worldwide Continues To Welcome The Planets Best (1) RealBench 1.0 (1) RealBiz Media Group (1) Realogy DWD Innovation Summit to take place in June (1) Realtor Group Says (1) realtor survey finds (1) Realtors confidence surges (1) Realtors group discuss financing of his council campaign (1) Realtors organize open house event (1) realtors say (1) Realtors will lobby legislators today (2) Realtors: Colorado home sales up 16% in Q1 (1) Realty Income has the Highest EBITDA Growth in the Retail REITs Industry (2) Recollections of the Electric Circus: "If you remembered much of what ... (1) Red Realty Promotes Chris Bratcher to Sales Manager (1) Redfin Publishes Ranking Of Real Estate Markets Most To Least Vulnerable To Another Housing Bubble (1) Referendum could grant DC control of budget (2) regents are told (1) rehires Mike Ullman (1) REIT Focus: Essex Property Trust (2) REIT Newswire (85) Related ask CommonWealth to fix record date (1) Related Group buys Edgewater site for more than double 2012 price (2) REMI Announces Top 3 Tips for Mobile Real Estate Marketing (1) Renderings Revealed: Heres Another Look At Upcoming Apt Building Twelve12 (1) Renderings Revealed: New McMillan Renderings Show Off Office Park (1) Renee Marquiss of Xena Vallone Realty Earns Real Estate Brokers License (1) Rents Up All Over NYC as Q1 Ends (1) Report: Existing-home sales soar in Washoe County in March (1) Report: Wall Street jerks try to stiff real estate agent (1) Research and Markets: Analysis of China State Construction Engineering Corporation 2013 (1) Residence Inn Denver City Center Acquired by Inland American Real Estate Trust for $80 Million (1) Residential sites to build 1 (1) Residents Protest Seton Hall Building Plan (1) Retrofit Financing Made Easier Via PACE Program (2) Return of the housing bubble? Not in Las Vegas (1) Reviewing our high dividend stock portfolio (2) Richest Man In LA Talks About Taking Risks (1) Rick Otton To Devote One Day of UK Real Estate Conference To Instalment Contracts (1) Rio Rancho zoning changes please developers (1) Rising prices mean a real estate recovery (1) Rock Ohio eyes Higbee Building (1) Rockport | $395 (1) Roger Marolt: Skico killing it on another real estate deal is par for the course (1) roof (1) Roof Deck (1) Rosetta Resources (1) Rosetta Resources prices stock offering (1) Rosetta Resources sets public offering of 7M shares (1) Rouse Properties Receives New Coverage from Analysts at TheStreet (1) Royal LePage to Empower Its Agents With Real Estates First Fully Mobile (1) Rt 1 Box 506 (1) Ruling opposition legislators say State should take over mining (1) S.C. (1) Sales Check: The Upper West Sides Park Columbus... (1) Sales of existing homes slip slightly (1) Sales of previously occupied homes dipped to 4.92M in March as supply remained tight (1) Sales of vacation homes rise in 2012 (1) Santa Monica and Redondo Beach Homes for Sale Attract Affluent Singles (2) Saudi boss buys 469 flats at $190 million (1) Says Garfield Ridge Needs To Be Involved (1) SDs percentage of distressed properties drops in March (1) Secondary Sources: Stable Prices (1) See and Share: Open Houses in Bedford (1) Seeking Normalcy in the Charlottesville - Albemarle Real Estate Market (1) Select guns for store growth in the south east (1) Select Income REIT Coverage Initiated at Sidoti (1) Self Directed IRAs: Tax Advantaged Investment Income From Novel Investments (1) Selling (1) Service sector shows healthy expansion (1) Short supply hampers home sales in March (1) Should You Buy Hammerson Today? (1) Sidewalk Wars : Hyattsville Residents Are Sidewalk Haters (1) Silver Bay Stock Distribution Helps (2) Singapore stocks end flat (1) Singapore stocks track regional markets to end higher (1) SKorea plans $15 bln extra budget to boost economy (1) SL Green Realty Corp. Announces Revised First Quarter Earnings Release Date (1) Small-cap stocks arent getting attention they deserve (1) SMART Technologies Points Thousands of End Users to CoursePark.com... (1) Smith joins New England Real Estate Company (1) Smithfield-Selma welcomes three new businesses (1) Smithsonian Castle As A Toilet: Danish starchitect Bjarke Ingels is slated... (1) Smoking in the home sharply reduces real estate value: study (1) Smoking may hurt the value of your home (1) Smoking reduces house value by 30% (1) Smothers Realty is Still No. 1 in La Grange (1) Smyrna Business Alive After Five at Taylor-Brawner House (1) Smyrna Business Luncheon May 2nd (1) Smyrna Vinings Condo Townhome March Update (1) Society wants to lure planning conference (1) softball (1) Some Without Windows (1) Sothebys International Realty Brand Enters Malta (1) Southwest Florida Realtor group meets with legislators in Tallahassee (1) Sparkys Quill: Who was W.P. Carey? (1) Speed Bumps Slow Gateway Shoppers (1) SPG (1) Sponsored Post: Beautiful Upper East Side Triplex Maisonette (1) Spring Real Estate Season Kicks Off (1) Starwood Property Trust completes LNR Property acquisition (1) Staten Island youth sports roundup: Tennis (1) Staten Islands Ecology Day focus: Devastation of Sandy (1) Statewide (1) Stock market rebounds from worst day of the year (5) Stock market rebounds from worst slump of the year (1) Stock market rebounds froma (1) Stocks Buzz: Newcastle Investment Corp. (NYSE:NCT) (1) Stocks in News: Mack Cali Realty (1) Stocks Slump In Soft Trade; Microsoft (1) Stocks to Watch: CommonWealth REIT (1) Stocks to Watch: Kimco Realty Corp (1) Story from NorthCountryNow.com (1) Strathmore (1) Street fit for a king open again after quake and rain (1) Structural Instabilities: Tenants were evacuated from 28 Avenue... (1) Sunday Notebook: 480-unit Hodges Blvd. apartment complex sells for $55M (1) Sunset Corridors long-overbuilt office supply is drying up (1) Super-rich close gap between bonds and Bond Street (1) Super-Size Your Big Mac Dividends: Write Covered Calls (1) Supervalu-Cerberus Deal Done; 1 (1) survey finds (1) Surveys Thousands (1) SW home sales hit record (1) Synovus Financial Rating Reiterated by Zacks (1) Taylor Morrison Arizona Unveils New Scottsdale and Cave Creek... (1) Ten Tips for First-Time Homebuyers (1) That House Sold for HOW Much? (1) Thats Rather Confusing: Mystery Lot Condo Building The Jefferson Has Rooftop Mystery (1) Thats Rather Hideous: Got Three Wishes and $405K? Buy This Absurd NYC Studio (1) The 411 on 311: A Reddit user who claims to... (1) The Atrium to be developed in Dubai by Sunland. (1) The Battle Over Kensington Markets Future Comes to Baldwin and Augusta (1) The Blackstone Group L.P (1) The Brokerbabble Glossary: Decoded: the Most Stunning Listings in the Country (1) the city will... (1) The Energy-and-Car Global Economy (1) The Feds Foreclosure-Relief Fail (1) The Hartford Announces Closing Of $300 Million Senior Notes Offering (1) The industries cashing in on your heartbreak (2) The Markets Now: Stocks Pare Losses After Weak Home Sales Report (1) the Most Multi-Angled Modern Ever Constructed (1) The Real Deal / Westports realty market suddenly on fire (1) The Six Digit Club: Charming Little Upper West Side Co-op Wants $400 (1) The Six Digit Club: East Village Two-Bedroom Co-op Wants $650 (1) The Walking Dead season 4 spoilers: The Wire... (1) Them and Them (1) there are 19 apartment or... (1) There is a Silver Lining (1) This Agency mREIT Could Expand its Spread (1) This week on Marketplace Middle East (1) though gold continues rebound (1) Thought Experiments: What If We Didnt Tear Down the Folk Art Museum Building? (1) Three Homes Sell in Under Three Months (1) Thursday Morning Club in Madison welcomes author Maryann McFadden on May 16 (1) Timberland Investments Return 7.76% In 2012 (1) Today we celebrate Henry the K (1) Top 10 Ways Commercial Real Estate Professionals Can Go Green for Earth Day (1) Torch River Downgraded to Sell at Fundamental Research (1) Tourism in Paris (1) Trade group says Ohio home sales up nearly 12 pct (1) Transportation Watch: Talk of expanding the 7 train... (1) Traverse the Real Estate Jungle with Habitat Hunters (1) TRD looks at the highs and lows of the markets past 10 years (1) Trump Organization secures financial firm at 40 Wall St. (1) tsk (1) tsk: Southampton Socialite Who Choked Sobriety Coach Also Stabbed Life Coach with Fork (1) Tudor Estate on Lyncroft Brings European Flair to Farmington Hills (1) Tuscaloosa Area residential sales post 6.5% gain in March (1) Two challengers jump into Redwood City council race (1) Two Little-Known Names Yielding Above 4% (1) Two-Bedroom Murano Grande Units Selling at Highest Frequency (1) U.S. IPO Recap: Fairway Jumps 45% In 6-Deal Week (1) U.S. Stocks Trade Mixed (1) Uber To Expand Private Ride-Sharing Service In Major U.S. Cities (3) UBS Says (1) Under 300K Club: Three Options To Buy A Small (1) Undue Commercial Real Estate Risks Are Bad: The Mathematical Proof of the Blindingly Obvious (1) University: Shoring Up Your Property Investment Skills (1) UNLV Now stadium proposal on track (1) Up in smoke: survey finds smoking in the home sharply reduces real estate value (1) Upbeat message from new owner of The Lanes in Carlisle (1) UPDATE 1-Canada March home sales edge up from February (1) UPDATE 2-U.S. existing home sales edge down (1) Upstate real estate sentiment stays positive in new poll (1) US existing home sales edge down (1) US home sales slip as supply remains tight (2) US home-sales figures slip in March (1) Us Stocks-Wall St falls as data triggers slowdown worry (1) Us Stocks-Wall Street ticks mostly lower on earnings uncertainty (1) Valuation protest board memebers sought (1) Vancouver Website Offers Comparative Market Analysis to Vancouver Homeowners (1) Video game Pong played on 29-story Circa Centre skyscraper (1) Video Interlude: If youre not the Sunday morning... (1) Vornado Realty Trust (1) VSP buys Rancho Cordova building rather than lease (1) Wal-Mart Stores (1) Wall Streeta s short memory: A return to risky mortgages (1) Warner Robins Family Featured on 48 Hours (1) Warren County Solid Waste Advisory Council considering... (1) Weathers right to buy a new home (1) Weekly CEO Buys Highlight: ARCP (1) Weichert Realtors welcomes Debra Bajouwa (1) Weichert Realtors welcomes Shari Lynn Fox (1) Weingarten Realty Investors Closes $500 Million Unsecured Revolving Credit Facility (1) Wells Fargo (1) Wells Fargo taps Notre Dames Holtz to spur lending (1) Wells Fargo Taps Notre Dames Holtz to Spur Lending: Mortgages (1) Westchester Real Estate Market Continues Steady Recovery (1) What If You Cannot Refinance Later? (1) What Motivates Home Buyers? (1) What not to fix when selling a home (1) What You Need To Know About The 2013 Spring Home Buying Season (1) Whats a Dishcrawl? (1) which has... (1) Whimsy: Heights Apartment Seeker Apparently Hasnt Heard of Craigslist (1) Whistleblower: BBB warns of Minnesota timeshare rental scam (1) Whitestone REIT Announces First Quarter 2013 Earnings Release And Conference Call (1) Whitewater Preserve Event Offers Homes Sales Boost in Palm Springs by Brad Schmett (1) Whos Hiring in Sammamish-Issaquah? Lombardis (1) Why Buyers Should Make the Most of Todays Housing Market (1) Why Redfin (1) Why Solar Capital Yields X And Triangle Capital Yields Y (1) Wilton Real Estate - A Continuing Momentum (1) Windstream Corporation (1) Wisconsin home sales up 11 percent through March (1) Woodrow Branch (1) Worlds Most Expensive Apartment (1) WSJ reports. (1) X Factor: 5 Stocks Reaching Their Ex-Dividend Date on April 18 (2) Xena Vallone Realty Celebrates Four-Year Anniversary (1) Yellow Light on Single Family Rents (1) Yen for Yield Could Rock REITs (1) YMCA Retirement Fund takes space at Silverstein Propertiesa 120 Broadway (1) Your home isnt selling becausea (1) Your home: When is the best time to sell a home? (1) Your Money-The new rules of house flipping (1) Zillow (2) Zlatan puts Malmo mansion on the market (1)

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